Opiant Pharmaceuticals Inc. (OPNT)

[jtomm]

Shareholder Value Given Away

$620,000 of shareholder value given to a stock promoter.

$120k in cash, and $500k in stock (since the promoter used the most optimistic outcomes for the company, and acted like everything in the future has already happened, we'll do the same to them).

And this unsigned "research report" is written by some never heard of website based out of Puerto Rico. That's where are the top analysts are, right? There are no names on the site as to who is running it. The domain name contacts are all hidden from public view.

The promoter is telling us how wonderful the stock is and what a bargain it is, so he/she is buying, right? Nope. They clearly say they're gonna sell their shares as fast as they can.

Here's the exact verbiage from that stock promoter:

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Legal Disclaimer: This research note has been prepared by One Equity Research, LLC ("One Equity") on behalf of Lightlake Therapeutics (“Lightlake” or the “Company”) as part of research coverage services. We have received one hundred thousand dollars as of the date of this report and expect to receive an additional twenty thousand dollars for ongoing coverage of the Company. We have also received ten thousand restricted shares of Lightlake and may receive an additional forty thousand restricted shares in the future. One Equity intends to sell its shares in the Company as soon as it is legally permissible to do so.

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All their other "research reports" are pump and dump penny stocks that aren't making money.

This smells.